CloudMD Expands Partnership with Benefits Alliance to Include Full Suite of Kii Services
Vancouver, BC, April 12, 2023 – CloudMD Software & Services Inc. (TSXV: DOC, OTCQX: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), an innovative health services company transforming the delivery of care, is pleased to announce that it has expanded its partnership with Benefits Alliance to cover all Kii services including EFAP, iCBT, Mental Health Coaching, Medical Second Opinion and Telemedicine. The expanded partnership allows over 8,000 employee benefit plans across Canada to have access to Kii.
“This multi-product partnership with Benefits Alliance is an example of the transition we are making from a provider of standalone services to one focused on multi-product, whole person care. The partnership’s expansion comes from a successful 3-year partnership,” said Karen Adams, CEO of CloudMD. “We’ve repeatedly proven to clients that partnering with an integrated healthcare provider leads to better health outcomes. I’m thrilled that thousands of employee benefits plans will have the option of adding the full suite of Kii services for their employees.”
“CloudMD’s services coordinated through their innovative nurse navigation is a powerful combination that is truly unique and forward-thinking in the industry. Being able to offer these valuable and relevant services through one integrated offering is a huge value driver for our advisors and their clients’ employee benefits plans,” said Carolyne Eagan, President of Benefits Alliance. “In a world where plan members have a variety of complex needs, our advisors and plan sponsors appreciate such a member-centric option. We look forward to growing our relationship and success together with CloudMD.”
CloudMD’s full Kii platform will be rolled out to Benefit Alliance advisors at their semi-annual national spring conference on April 14, 2023.
Benefits Alliance is a national organization consisting of independent member firms. Benefits Alliance advisors manage over 8,000 employee benefits plans, with over $1.4 billion of group insurance premiums as well as of 1,500 group retirement plans that have over $3.5 billion in plan assets.
About CloudMD Software & Services
CloudMD is an innovative North American healthcare service provider focused on empowering healthier living by combining leading edge technology with an exceptional national network of healthcare professionals. Every day, our employees and health care providers live our values of delivering excellence, collaboration, connected communication and accountability to solve complex health problems. CloudMD’ s industry leading workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical and occupation health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI for payers such as employers, educational institutions, associations, government, and insurers. CloudMD is also a market leader in workplace absence management through data-driven prevention, intervention and return to work programs.
In addition, the Company sells health and productivity tools to hospitals, clinics, and other healthcare service providers to empower them to deliver better care. Visit www.cloudmd.ca to learn more about the Company’s comprehensive healthcare offerings.
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Forward Looking Statements
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws, including statements about the Company’s growth strategy and profitability. These statements are based upon information currently available to CloudMD’s management. All information that is not clearly historical in nature may constitute forward‐looking statements. In some cases, forward‐looking statements may be identified by the use of terms such as “forecast”, “assumption” and other similar expressions or future or conditional terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of CloudMD based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and CloudMD does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward‐looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Company’s MD&A (which is filed under the Company’s issuer profile on SEDAR and can be accessed at www.sedar.com), that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. Although CloudMD has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‐looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward‐looking statements. Accordingly, readers should not place undue reliance on forward‐looking information. CloudMD does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.